Family budget for the lazy: the method of 4, 5 and 7 envelopes excluding finances

2117000

Introduction: Why isn't budgeting difficult?
Managing a family budget often seems like a complicated and tedious process. But what if there is a way to do it easily and effortlessly? The envelope method is a simple and effective approach that does not require complex calculations and accounting for every penny. In this article, we will look at three popular options: the 4, 5 and 7 envelope method, which will help you control costs and save without stress.


Method 4 envelopes: Simplicity and efficiency
The 4 envelope method is ideal for those who want to start with the simplest. Here's how it works:

1. Identify the main categories of expenses: For example, food, transportation, entertainment and unexpected expenses.
2. Distribute the money in envelopes: After receiving income, divide it into four parts and put it in the appropriate envelopes.
3. Spend only from envelopes: When the money in the envelope runs out, you stop spending in this category until the next month.

This method helps to avoid overspending and teaches discipline.



Method 5 envelopes: Adding savings
The 5 envelope method extends the previous approach by adding a savings category. Here's how to use it:

• Add an envelope for savings: Set aside some of your income for savings.
• Distribute the remaining money: As with the 4 envelope method, divide the funds into the main categories of expenses.
• Don't touch your savings: This envelope is for savings only, not for spending.

This method helps not only to control costs, but also to form a financial cushion of security.


Method 7 envelopes: Maximum detail
The 7 envelope method is suitable for those who want more detailed control over their finances. Here are its basic principles:

1. Add additional categories: For example, health, education, gifts or hobbies.
2. Distribute income by envelope: The more categories, the more accurately you can control your expenses.
3. Analyze and adjust: At the end of the month, assess which categories require more or less.

This method takes a little more effort, but gives you complete control over your budget.





Why does the envelope method work?
The envelope method is effective for several reasons:

• Visibility: You can see how much money is left in each category.
• Discipline: A limited amount of funds in envelopes helps to avoid impulsive purchases.
• Flexibility: You can adapt the number of envelopes and categories to your needs.

This method is suitable even for those who do not like to deal with finances, but want to keep their expenses under control.


An example from life: How the envelope method changed the life of the family
Imagine that a family of four started using the 5 envelope method. They allocated envelopes for groceries, transportation, entertainment, contingency expenses and savings. A month later, they noticed that they began to spend less on unnecessary trifles and were able to save money for vacation. The envelope method helped them not only save money, but also learn how to plan their expenses.


The budget for the lazy is real
The envelope method is an ideal solution for those who want to manage their finances without complex calculations and accounting. It is simple, visual and flexible, making it accessible to everyone. Start small: Choose the method that is right for you and try it in action. Within a month, you’ll notice your finances becoming more orderly and your life more predictable.
Remember that a budget is not a limit, but a tool to achieve your goals. And even if you are lazy, this method will help you become the master of your money.